Refurbed, the marketplace for refurbished electronics promoting sustainable consumption, has raised $17 million (approx €15.5 million) in Series A round of equity financing from a group of reputable international investors.
The lead investor of the round was Evli Growth Partners from Finland along with US-based Almaz Capital and FJ Labs, Spanish Bonsai Partners, and All Iron Ventures. Existing investors Klaus Hofbauer and Inventure Partners also participated.
If you are not aware, Refurbed is an online marketplace for refurbished electronic products that are like-new. The company’s primary goal is to promote sustainable business and circular economy by offering only refurbished goods.
Founded in 2017, the Austrian company currently operates in Germany, Austria, Italy, and Poland, serving more than 150,000 European customers.